Apple has announced their Q1 2015 earnings and the numbers include Apple announces Q1 2015 results: 74.5 million iPhones, 21.4 million iPads, 5.5 million Macs sold, $74.6 billion in revenue earned! Apple's CEO, Tim Cook:
"We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."
Reaction is pretty much what you'd expect:
iPhone ASP is $687iPhone ASP is $687— Horace Dediu (@asymco) January 27, 2015January 27, 2015
74.5 million iPhones in a quarter? that is some serious supply chain voodoo.74.5 million iPhones in a quarter? that is some serious supply chain voodoo.— John Paczkowski (@JohnPaczkowski) January 27, 2015January 27, 2015
Apple produced 45% more iPhones last quarter than 1Q14. Jeff Williams is performing.Apple produced 45% more iPhones last quarter than 1Q14. Jeff Williams is performing.— Neil Cybart (@neilcybart) January 27, 2015January 27, 2015
Apple now holds claim to five of the ten biggest quarterly earnings in history. The other five are oil companies. http://t.co/OkOSSXNTnyApple now holds claim to five of the ten biggest quarterly earnings in history. The other five are oil companies. http://t.co/OkOSSXNTny— Matt Drance (@drance) January 27, 2015January 27, 2015
It's not even a joke anymore, Apple will need to buy Exxon to have any hope of growing at a similar rate. Absolute insanity.It's not even a joke anymore, Apple will need to buy Exxon to have any hope of growing at a similar rate. Absolute insanity.— M.G. Siegler (@mgsiegler) January 27, 2015January 27, 2015
You can read the full press release below, tune into the conference call via Apple.com, and keep it locked to iMore for ongoing coverage.
Apple Reports Record First Quarter Results
Highest-ever revenue & earnings drive 48% increase in EPS
Growth led by record revenue from iPhone, Mac & App Store
- The Company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter's revenue.
The results were fueled by all-time record revenue from iPhone® and Mac® sales as well as record performance of the App Store℠. iPhone unit sales of 74.5 million also set a new record.
"We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."
"Our exceptional results produced EPS growth of 48 percent over last year, and $33.7 billion in operating cash flow during the quarter, an all-time record," said Luca Maestri, Apple's CFO. "We spent over $8 billion on our capital return program, bringing total returns to investors to almost $103 billion, over $57 billion of which occurred in just the last 12 months."
Apple is providing the following guidance for its fiscal 2015 second quarter:
• revenue between $52 billion and $55 billion
• gross margin between 38.5 percent and 39.5 percent
• operating expenses between $5.4 billion and $5.5 billion
• other income/(expense) of $350 million
• tax rate of 26.3 percent
